范文一:个股期权测试题
二级题库
单选题(共10题,每题10分)
1、关于认购期权买入开仓的盈亏,说法不正确的是(D)
A.若标的证券价格上升至“行权价格+权利金”,则达到盈亏平衡点 B.若到期日证券价格高于行权价,投资者买入认购期权的收益=证券价格-行权价-付出的权利金 C.若到期日证券价格低于或等于行权价,投资者买入认购期权的亏损额=付出的权利金 D.投资者买入认购期权的亏损是无限的
2、当标的证券价格下跌时,投资者可以卖出此前买入的认沽期权获得权利金价差收入,此操作叫做(B)
A.行权
B.平仓
C.放弃行权
D.强制行权
1、买入认购期权的最大收益为(D)
A.0
B.权利金
C.行权价格
D.没有上限
2、关于认沽期权买入开仓成本和到期损益,说法错误的是(D)
A.认沽期权买入开仓的成本是投资者买入认沽期权时所需支付的权利金
B.若到期日证券价格低于行权价,投资者买入认沽期权的收益=行权价-证券价格-付出的权利金
C.若到期日证券价格高于或等于行权价,投资者买入认沽期权的亏损额=付出的权利金
D.若到期日证券价格低于行权价,投资者买入认沽期权的亏损额=付出的权利金 3、以下不属于买入期权的风险的有(B)
A.到期时期权为虚值,损失全部权利金
B.维持保证金变化需追加保证金
C.期权时间价值随到期日临近而减少
D.行权时本金(或证券)不足被强行平仓
4、当认购期权的行权价格(B),对买入开仓认购期权并持有到期投资者的风险越大,当认沽期权的行权价格(),
对买入开仓认沽期权并持有到期投资者的风险越大
A.越高;越高
B.越高;越低
C.越低;越高
D.越低;越低
5、假设其他参数不变,行权价格越高,对应的认购期权和认沽期权理论价值分别(C)
A.越高;越高
B.越高;越低
C.越低;越高
D.越低;越低
6、下列哪一个值可能是某个认沽期权的Delta(B)
A.-1.5
B.-0.5
C.0.5
D.1
7、杨先生以0.5元每股的价格买入行权价为20元的某股票认购期权,则其盈亏平衡点是股票价格为(C)
A.19.5元
B.20元
C.20.5元
D.21元
10、对于现价为12元的某一标的证券,其行权价格为12元、1个月到期的认沽期权权利金价格为0.25元,则该认沽
期权合约的Delta值大致为
A.0.53
B.-0.92
C.-0.25
D.-0.51
单选题(共10题,每题10分)
2、已知当前股价为10元,该股票行权价格为9元的认沽期权的权利金是1元, 则买进认沽期权的盈亏平衡点是每
股(C)元
A.10
B.9
C.8
D.7
5、下列情况下,delta值接近于1的是(B)
A.深度虚值的认购期权权利方
B.深度实值的认购期权权利方
C.平值附近的认购期权权利方
D.以上皆不正确
6、Delta是衡量(A )的变化引起期权价格变化的程度
A.标的资产价格
B.波动率
C.无风险利率
D.到期时间
8、某投资者判断甲股票价格将会下跌,因此买入一份执行价格为45元的认沽期权,权利金为1元(每股)。则该投
资者在期权到期日的盈亏平衡点是(A)
A.股票价格为44元
B.股票价格为45元
C.股票价格为46元
D.股票价格为47元
9、杠杆性是指(A)
A.收益性放大的同时,风险性也放大
B.收益性放大的同时,风险性缩小
C.收益性缩小的同时,风险性放大
D.以上说法均不对
10、对于现价为12元的某一标的证券,其行权价格为10元、只有1天到期的认购期权权利金价格为2.15元,则该
认购期权合约的Delta值大致为(D)
A.0.52
B.-0.99
C.0.12
D.0.98
单选题(共10题,每题10分) 1、王先生对甲股票特别看好,但是目前手头资金不足,则其可以对甲股票期权做如下操作(A)
A.买入认购期权
B.卖出认购期权
C.买入认沽期权
D.以上均不正确
2、老张买入认沽期权,则他的(A)
A.风险有限,盈利有限
B.风险有限,盈利无限
C.风险无限,盈利有限
D.风险无限,盈利无限
3、下列哪一项不属于买入开仓认购期权的风险(A)
A.保证金风险
B.流动性风险
C.标的下行风险
D.交割风险
5、某投资者认为甲公司的股价在未来一个月会上涨,该公司目前股价是30元,于是投资者买入行权
价为32元、一个月后到期的认购期权。目前该期权价格为每股2.2元,这次投资的盈亏平衡点是()
元(B)
A.34.2
B.32.2
C.30.2
D.30
6、认沽期权的Delta值为(C) A.0
B.正数
C.负数
D.都有可能
4、行权价对买入开仓的影响,说法正确的是(A)
A.对于认购期权来说,到期日股价越高出行权价,则收益越大
B.对于认购期权来说,到期日股价越低于行权价,则收益越大
C.对于认沽期权来说,到期日股价越高出行权价,则亏损越大
D.对于认沽期权来说,到期日股价越低于行权价,则亏损越大 5、已知当前股价为10元,无风险利率4%,行权价格是9元、3个月后到期的欧式认沽期权的权利金是1.5元,则
相同行权价格与到期月份的美式认沽期权的权利金可能是(C)元
A.1
B.0.8
C.1.5
D.1.7
6、下列哪一个值可能是某个认购期权的Delta(C)
A.-1
B.-0.5
C.0.5
D.1.5
8、老王判断某股票价格将会下跌,因此买入一份执行价格为50元的该股票认沽期权,权利金为1元。当该股票价格
高于(B)元时,该投资者无法获利
A.48
B.49
C.50
D.51
10、目前甲股票价格为20元,行权价为20元的认沽期权权利金为3元。该期权的Delta值可能为(A)
A.-50%
B.50%
C.100%
D.-100%
1、 史先生以0.4元每股的价格买入行权价为20元的甲认购期权(合约单位为10000股),则其盈亏
平衡点是每股(C)
A.19.6元
B.20元
C.20.4元
D.20.8元
2、林先生以0.2元每股的价格买入行权价为20元的甲股票认沽期权(合约单位为10000股),则
股票在到期日价格为多少时,王先生能取得2000元的利润(A)
A.19.6元
B.19.8元
C.20元
D.20.2元
4、王先生以0.2元每股的价格买入1张行权价为20元的甲股票认购期权C1(合约单位为10000股),
买入1张行权价为24元的甲股票认购期权C2,股票在到期日价格为22元,则王先生买入的认购期权
(A)
A.C1行权,C2不行权
B.C1行权,C2行权
C.C1不行权,C2不行权
D.C1不行权,C2行权
5、下列关于欧式期权和美式期权,正确的是(B)
A.欧式期权主要在欧洲,美式期权主要在美国
B.欧式期权只有到期日,买方才可以行使权利
C.美式期权只有到期日,买方才可以行使权利
D.以上均不正确
6、Delta是衡量(A)的变化引起期权价格变化的程度
A.标的资产价格
B.波动率
C.无风险利率
D.到期时间
7、某投资者判断甲股票价格将会持续上涨,因此买入一份执行价格为65元的认购期权,权利金为1
元(每股)。则该投资者在期权到期日的盈亏平衡点是股票价格为(C) A.64元
B.65元
C.66元
D.67元
8、某投资者判断甲股票价格将会持续下跌,因此买入一份执行价格为65元的认沽期权,权利金为1
元(每股)。则该投资者在期权到期日的盈亏平衡点是(A) A.股票价格为64元
B.股票价格为65元
C.股票价格为66元
D.股票价格为67元
9、某股票现在的价格为50元,其对应行权价为48元的认购期权合约价格为4元,假设该股票短时间
内的Delta为0.6,则该期权此时的杠杆倍数为(C) A.12.5
B.12
C.7.5
D.7.2
10、认购实值期权delta值的取值范围最接近下列哪项(B) A.0.00
B.0.50
C.-0.5
D.-1
1. 某投资者买入股票认购期权,是因为该投资者认为未来的股票行情是(A) A. 上涨
B. 不涨
C. 下跌
D. 不跌
2. 关于认沽期权买入开仓和到期损益,说法错误的是(D) A. 认沽期权买入开仓的成本是投资者买入认沽期权时所需支付的权利金 B. 若到期日证券价格低于行权价,投资者买入认沽期权的收益=行权价-证券价格-付出的权利金
C. 若到期日证券价格高于或等于行权价,投资者买入认沽期权的亏损额=付出的权利金 D. 若到期日证券价格低于行权价,投资者买入认沽期权的亏损额=付出的权利金
3. 实值认购期权在到期时投资者不进行行权,则期权到期后价值变为(C) A. 内在价值
B. 时间价值
C. 零
D. 权利金
5. 相同情况下,美式期权的权利金比欧式期权的权利金(C) A. 高
B. 低
C. 相同
D. 无法比较
6. 希腊字母delta反映的是(A)
A. 权利金随股价变化程度
B. 权利金随股价凸性变化程度
C. 权利金随时间变化程度
D. 权利金随市场无风险利率变化程度
7. 某投资者买入一份执行价格为65元的认购期权,权利金为2元(每股),期权到期日的股票价格为70元,则该投
资者的损益为(C)元
A. -2
B. 2
C. 3
D. 5
8. 季先生以0.5元每股的价格买入行权价为20元的某股票认沽期权(合约单位为10000股),则股票在到期日价格为
(C)元时,王先生能取得2000元的利润
A. 19.5
B. 20.5
C. 19.3
D. 20.3
9. 假设认购期权价格1元,正股价格10元,delta为0.5,则该期权的杠杆为(C)
A. 0.5倍
B. 1倍
C. 5倍
D. 10倍
10. 某认购期权的标的资产从34.30元上升到36.30元,其期权价格由1.21元上升到1.79元,则其delta均值约为(B)
A. 14%
B. 29%
C. 58%
D. 74%
1. 认购期权买入开仓后,其最大损失可能为(A) A. 权利金
B. 行权价格-权利金
C. 行权价格+权利金
D. 股票价格变动差-权利金
2. 已知当前股价为8元,该股票行权价格为8元的认沽期权的权利金是0.4元,合约单位为1000,则买进2张认沽期
权合约的权利金支出为()元,期权到期日时,股价为7.6,则期权合约交易总损益是(C)元
A. 400;0
B. 400;400
C. 800;0
D. 800;800
3. 下列哪一项不属于买入开仓认购期权的风险(A) A. 保证金风险
B. 流动性风险
C. 标的下行风险
D. 交割风险
4. 买入开仓具有价值归零风险,下列哪一项错误描述了价值归零风险(B)
A. 到期日股价小于行权价时,认购期权价值归零 B. 到期日股价小于行权价时,认沽期权价值归零 C. 到期日股价远远小于行权价时,认沽期权价值归零 D. 到期日股价大于行权价时,认购期权价值归零
5. 期权定价公式中影响期权价格的因素不包括(A) A. 保证金
B. 标的资产现价
C. 行权价格
D. 距离到期日时间
6. 王先生买入1张行权价为20元的认购期权C1,买入1张行权价为25元的认购期权C2,二者除行权价其余要素都
一致,则C1和C2的delta说法正确的是(B) A. 二者相等
B. C1的delta大于C2的delta
C. C1的delta小于C2的delta
D. 以上均不正确
7. 某股票现价为48元,投资者小明预期该股票的价格未来会上涨,因此买了一份三个月到期的认购期权,执行价格
为50元,为此他支付了1元的权利金,如果到期日该股票的价格为53元,则小明星此项交易的每股到期收益为(B)
A. 1元
B. 2元
C. 3元
D. 4元
8. 买入股票认沽期权的盈亏平衡点是(A) A. 行权价格-权利金
B. 行权价格+权利金
C. 权利金
D. 行权价格-权利金
1、下面交易中,损益平衡点为行权价格+权利金的是(C)
A.认沽期权卖出开仓
B.认沽期权买入开仓
C.认购期权买入开仓
D.认购期权卖出开仓和认沽期权买入开仓 2、对于认沽期权买入开仓的投资者来说(C)
A.必须持有标的股票
B.持有股票即可,不一定是标的股票
C.不必持有标的股票
D.以上说法都不正确
3、以下不属于买入期权的风险的有(B)
A.到期时期权为虚值,损失全部权利金
B.维持保证金变化需追加保证金
C.期权时间价值随到期日临近而减少
D.行权时本金(或证券)不足被强行平仓
4、买入认购期权开仓,行权价格越高,出现亏损权利金的风险(B)
A.越小
B.越大
C.与行权价格无关
D.为零
6、甲公司目前的股票价格为60元,而行权价为60元,一个月后到期的甲公司股票认购期权价格为3元。该期权的
delta为0.5,问该期权的杠杆倍数是(B)
A.2
B.10
C.20
D.无法确定
7、某投资者判断甲股票价格将会持续上涨,因此买入一份执行价格为65元的认购期权,权利金为1元(每股)。则
该投资者在期权到期日的盈亏平衡点是股票价格为(C)
A.64元
B.65元
C.66元
D.67元
8、对于现价为12元的某一标的证券,其行权价格为11.5元、1个月到期的认沽期权权利金价格为0.25元,则买入
开仓该认沽期权合约到期日的盈亏平衡点为(),若标的证券价格为10.5元,那么该认沽期权持有到期的利润率(=
扣除成本后的盈利/成本)为(A)
A.11.25元;300%
B.11.25元;400%
C.11.75元;350%
D.11.75元;300%
9、李先生强烈看好后市,以5元的价格买入了行权价为50元的某股票认购期权,目前股价为50元,此时他买入期
权的杠杆率大约是(C)
A.4
B.4.5
C.5
D.以上均不正确
10、目前某股票的价格为50元,其行权价为51元的认购期权的权利金为2元,则当该股票价格每上升1元时,其权
利金变动最有可能为以下哪种(B)
A.上涨0.5元—1元之间
B.上涨0元—0.5元之间
C.下跌0.5元—1元之间
D.下跌0元—0.5元之间
单选题(共10题,每题10分)
1、下列哪一项不属于买入认购期权的作用 b
A.杠杆性做多
B.增强持股收益
C.降低做多成本
D.锁定未来的买入价
2、已知当前股价为10元,该股票行权价格为9元的认沽期权的权利金是1元,投资者买入了该认沽期权,期权到期
日时,股价为8.8元,不考虑其他因素,则投资者最有可能 a A.行权,9元卖出股票
B.行权,9元买进股票
C.行权,8.8元买进股票
D.等合约自动到期
3、认沽期权买入开仓的风险是 c
A.最小损失就是其支付的全部权利金
B.最大损失是无限的
C.最大损失就是其支付的全部权利金
D.最大损失就是行权价格-权利金
4、对于还有一个月到期的认购期权,标的现价5.5元,假设其他因素不变,下列行权价的合约最有可能被行权的是 a
A.4.5元
B.5.5元
C.6.5元
D.7.5元
5、关于Black-Scholes期权定价模型,说法不正确的是 d A.1973年首次提出
B.由Fischer Black和Myron Scholes提出
C.用于计算欧式期权
D.用于计算美式期权
6、下列哪一个值可能是某个认沽期权的Delta b A.-1.5
B.-0.5
C.0.5
D.1
7、认购期权买入开仓的到期日盈亏平衡点的计算,以下描述正确的是() a
A.到期日盈亏平衡点=买入期权的行权价格+买入期权的权利金 B.到期日盈亏平衡点=买入期权的行权价格-买入期权的权利金 C.到期日盈亏平衡点=标的股票的到期价格-买入期权的权利金 D.到期日盈亏平衡点=标的股票的到期价格+买入期权的权利金 8、黄先生以0.6元每股的价格买入行权价为20元的某股票认沽期权(合约单位为10000股),则股票在到期日价格
为()元时,王先生能取得2000元的利润 a A.19.2
B.19.4
C.19.8
D.20.2
9、某认购期权行权价为45元,标的股票价格为50元,期权价格为2元,delta为0.8,则杠杆率为 b
A.18
B.20
C.25
D.40
10、某认购期权的标的资产从34.30元上升到36.30元,其期权价格由1.21元上升到1.79元,则其Delta均值约为 b
A.14%
B.29%
C.58%
D.74%
6、王先生买入1张行权价为20元的认购期权C1,买入1张行权价为25元的认购期权C2,二者除了行权价其余要素都一致,则C1和C2的delta说法正确的是(B)
A.二者相等
B.C1的delta大于C2的delta
C.C1的delta小于C2的delta
D.以上均不正确
7、某股票价格上涨0.1元时,认购期权价格会变化0.08元,则该认购期权目前的Delta值为(D) A.-0.008
B.-0.8
C.0.008
D.0.8
8、投资者小明预期未来丙股票会下跌,因而买入一份该股票认沽期权,行权价为55元,权利金为3元。则当该股票为(A)元时,小明的每股到期收益为0,即既不获利也不亏损 A.52
B.54
C.56
D.58
9、某股票现在的价格为50元,其对应行权价为48元的认购期权合约价格为4元,假设该股票短时间内的Delta为0.6,则该期权此时的杠杆倍数为(C)
A.12.5
B.12
C.7.5
D.7.2
10、目前甲股票价格为20元,行权价为20元的认沽期权权利金为3元。该期权的Delta值可能为(A) A.-50%
B.50%
C.100%
D.-100%
1. D
2.
3. C 4. B
5. A 6. D 7. C
8. A 9. A
10. D
1. D 2. A 3. C
4. C 5. A
6. A
7. D
8(A
9. C
10.B
1. A 2. A
3. A 4. C
5. D 6. B 7. C
8. A 9. A 10. A
1. B 2. C 3. B
4. A 5. B 6. B
7. C 8. C
9. B 10. D
1. D 2.
3. A 4. B
5. A 6. A 7. C
8. D 9. B
10. B
1. D 2. A
3. A 4. C 5. B
6. B 7. C 8. B
9. C 10. D
1. B
2. D 3. C
4. A 5. A
6. D 7. C
8. A
9. C
10.B
范文二:个股期权测试题二
个股期权自检题一答案
1-5 AABDA 6-10 CBAAB
11-15 BACAB 16-20 CAAAA
个股期权自检题二
1、期权是交易双方关于未来买卖权利达成的合约, 其中交易的价格被称为( )
A.结算价
B.行权价
C.权利金
D.期权费
2、“10000081,600104C1401M00110,上汽集团购1月1100”中“上汽集团购1月1100”称为( )
A.合约编码
B.合约交易代码
C.合约简称
D.以上均不正确
3、规定个人投资者期权买入开仓的资金规模不得超过其证券账户资产的一定比例的制度是( )
A. 限仓制度
B. 限购制度
C. 限开仓制度
D. 强行平仓制度
4、期权的买方又称为( ),期权的卖方又称为( )
A. 行权方,交割方
B. 交割方,行权方
C. 权利方,义务方
D. 义务方,权利方
5、备兑开仓的构建成本是( )
A. 股票买入成本–卖出认购期权所得权利金
B. 股票买入成本+卖出认购期权所得权利金
C. 股票卖出收入–卖出认购期权所得权利金
D. 股票卖出收入+卖出认购期权所得权利金
6、如果在收盘时某投资者持有同一期权合约10张权利仓,7张非备兑义务仓,则当日清算后客户的持仓为( )
A.10张权利仓,7张非备兑义务仓
B.10张权利仓,7张备兑义务仓
C.3张权利仓
D.17张权利仓
7、期权定价公式中影响期权价格的因素不包括( )
A. 保证金
B. 标的资产现价
C. 行权价格
D. 距离到期日时间
8、某投资者买入股票认购期权,是因为该投资者认为未来的股票行情是( )
A. 上涨
B. 不涨
C. 下跌
D. 不跌
9、以下不属于买入期权的风险的有( )
A. 到期时期权为虚值,损失全部权利金
B. 维持保证金变化需追加保证金
C. 期权时间价值随到期日临近而减少
D. 行权时本金(或证券)不足被强行平仓
10、若王先生持有丙股票,他希望规避股票价格的下行风险,那么他可以( )
A.买入丙股票的认购期权
B.卖出丙股票的认购期权
C.买入丙股票的认沽期权
D.卖出丙股票的认沽期权
11、Delta 是衡量( )的变化引起期权价格变化的程度
A. 标的资产价格
B. 波动率
C. 无风险利率
D. 到期时间
12、当认购期权的行权价格( ),对买入开仓认购期权并持有到期投资者的风险越大,当认沽期权的行权价格( ),对买入开仓认沽期权并持有到期投资者的风险越大
A. 越高;越高
B. 越高;越低
C. 越低;越高
D. 越低;越低
13、假设乙股票的当前价格为23元,那么行权价为25元的认购期权的市场价格为0.5元,则该期权的内在价值和时间价值分别为( )
A.0;0.5
B.0.5;0
C.0.5;0.5
D.0;0
14、杨先生以0.5元每股的价格买入行权价为20元的某股票认购期权,则其盈亏平衡点是股票价格为( )
A.19.5元
B.20元
C.20.5元
D.21元
15、某投资者判断甲股票价格将会下跌,因此买入一份执行价格为45元的认沽期权,权利金为1元(每股)。则该投资者在期权到期日的盈亏平衡点是( )
A. 股票价格为44元
B. 股票价格为45元
C. 股票价格为46元
D. 股票价格为47元
16、对于现价为12元的某一标的证券,其行权价格为12元、1个月到期的认沽期权权利金价格为0.25元,则该认沽期权合约的Delta 值大致为( )
A.0.53
B.-0.92
C.-0.25
D.-0.51
17、王先生符合个股期权合格投资者的规定,其在证券公司的全部账户资产为236万,则王先生可以买入开仓的资金规模为( )
A.235
B.30
C.23
D.24
18、假设认购期权价格1元,正股价格10元,delta 为0.5,则该期权的杠杆为( )
A. 0.5倍
B. 1倍
C. 5倍
D. 10倍
19、王先生以10元价格买入甲股票1万股,并卖出该标的行权价为11元的认购期权,该期权将于1个月后到期,收到权利金0.5元(合约单位是1万股),则该策略的盈亏平衡点是股票价格为( )元
A.10
B.9
C.9.5
D.10.5
20、林先生以0.2元每股的价格买入行权价为20元的甲股票认沽期权(合约单位为10000股),则股票在到期日价格为多少时,王先生能取得2000元的利润( )
A.19.6元
B.19.8元
C.20元
D.20.2元
范文三:个股期权测试题免费
个股期免权权权权权权
权权权权权权权一、,共20权 ,1. 以下法中正确的是权 权?.期合的方可以收权权权权权权权权权取利金权 权?.期合方有入或出正股权权权权权权权权权权权权权权 权?.期合的持有者权权权权权权权所面的是无限的权权权权权权权 权?.期合方的潜在收益是无限的权权权权权权权权权权权权权权 A、只是? B、只是? C、?和? D、?和?
2. 期价格是指,权 权 ,A、期成交的的市价格权权权权权权权权权权权权权 B、方行权权权权权权的的市价格权权权权权权权 C、期合所支付的利金权权权权权权权权权权权权权权 D、期成交权权权权权定的的的价格权权权权权权权
3. 权权权权权权权权权权权权权权 权 入期的和收益系是,,A、失有限,收益无权权权权权权权权限 B、失有限,收益有限权权权权权权权权权 C、失无限,收益无限权权权权权权权权权 D、失无限,收益有限权权权权权权权权权
4. 以下几法中正确的是,,权权权权权权权权权权 A、期就是权权权权权 B、双方都权权权权权要承担利和,是期与期的共同之权权权权权权权权权权权权权权权权权权 C、在期交易中,权权权权权到期双方必履,而在期交易中,持有期一方可以权权权权权权权权权权权权权权权权权权权权权权权权
权权权 不履D、期双方交易的是股票,而不是利权权权权权权权权权权权权权权权
5. 假州茅台正股的市价是权权权权权权权权权权权250元,州茅台某月份权权权权权权权220元沽期目前的利金价格权权权权权权权权权权权权权10.8元。些沽期的内在价是多少,权权权权权权权权权权权权权权权权权 A、0元 B、19.5元 C、30元 D、无法算权权
6. 假其他因素不,正股价格上升,沽期的价格,权权权权权 权权权权权权权,,期的价格
,, A、下跌、上权 B、下跌、下跌 C、上、下跌权权权权 D、上、权权上权 7. 不是美式期是欧式期、期是沽期,,权权权权权权权权权权 权权权权权权权权权权,均与期价正相
权权 。A、的价格波率权权权权权权权 B、无利率权权权权 C、期股利权权权权 D、行价权权权 8. 下列期的投者适当性管理表述正确的是,权权权权权权权权权权权权权权权权权权 权 ,A、不需要行投者适当性管理,任何人都可以参与权权权权权权权权权权权权权权权权权权权 B、只要投权者有意愿,署相声明,就可以参与期交易权权权权权权权权权权权权权权权权权权 C、只要通交权权易所的知,投者就可以参与期交易权权权权权权权权权权权权权权权权 D、投者的适当权权权权权权权性估当合考投者基本情况、相投、状况和权权权权权权权权权权权权权权权权权权权权权权权权权权权权
权 信状况等多个方面。
9. 下列法的是,权权权 权权 ,。A、于期来,行市价高于行权权权权权权权权权权权权权权权权权价格称期于状权权权权权权权权权权 B、于沽期来,行价格低于权权权权权权权权权权权权权权权权行市价称期于状权权权权权权权权权权 C、于沽期来,行价格高于权权权权权权权权权权权权权权权权行市价称期于状权权权权权权权权权权 D、期的内在价状是化的权权权权权权权权权权权权 10. 权权权权权权权权权权权 权权 于期的溢价,下列法的是,,。A、其它条件不,离权权权到期越,溢价越大权权权权权权权权权权权 B、随着到期日近,期的价逐减权权权权权权权权权权权权权权0 C、期于虚状仍可按正的价格出售是因的价格权权权权权权权权权权权权权权权权权权权权权权权权权权
仍具有波性权权 D、期价和价都是越价越大,二权权权权权权权权权权权权权权权权权权权权权权权权者是相同的概念 3 / 7
11. 某公司股票沽期的行价格是权权权权权权权权权权55元,期欧式期,期限权权权权权权权权权1年,目前股权权票的价格是44元,利金权权权权5元。如果到期日股票的价格是权权权权权权权34元。在权权权权权1股沽期权权权权权权与1股股票合的到期收益,权权 ,元。A、8 B、6 C、-5 D、0
12. 某公司股票期的行价格是权权权权权权权权权权55元,期欧式期,期限权权权权权权权权权1年,目前股票权权权的价格是44元,期,期价格,权权权权权权权权权5元。在到期日股票的价格是权权权权权权权34元。权权权1股股票与售出1股期合的到期收益,权权权权权 权权权 ,元。A、-5 B、10 C、-6 D、5 13. 某公司股票期和沽期的行价格均权权权权权权权权权权权权权权权权55元,期均欧式期,期限权权权权权权权权权权1年,目前股票的价格是权权权权权权权44元,期,期价格,权权权权权权权权权5元。在到期日股票的价格是权权权权权权权34元。权同权权权1股期与权权权权权1股沽期合的到期收益,权权权权 权权权 ,元。A、1 B、6 C、11 D、-5
14. 当的股票市价格将生烈,但无法判断是上升是下权权权权权权权权权权权权权权权权权权权权权权权权权权权权权
降,最适合的投合是,权权权权权权权 权权 ,。A、沽期与股票的权权权权权权权权权权权权权合 B、期与股票的合权权权权权权权权权权权权权权 C、售出期与股票的合权权权权权权权权权权权权 D、沽期与期的合权权权权权权权权权权权权权权权权
15.假你的投合全部是由苹果公司的股票构成的,你权权权权权权权权权权权权权权权权权权权权权权权
希望避免股票价格下跌可能造成的失,你会权权权权权权权权权权 A、苹果沽期权权权权 B、苹果期权权权权 C、S&P500权权 沽期D、S&P500权权权 期
16. 下列哪策略的最大,权权权权权权权权权 A、入牛市差价期合权权权权权权权权权权 B、权出期权权权权 C、入期权权权权权权 D、出沽期权权权 权权权权权权权权权权权权权权下文档到,找使用更方便
2下券权权 75人已下 下 权 权剩4权权权权权权权 未,
17. 某投者想入某股票,当前股价权权权权权权权权权权权权权权71元,但是他希望以略低于股票当前市价的价格权入股票,股票权权权4月期有权权权39天到期。那出,权权 ,,最符合他的需求。A、4月行权价格权50的沽期,期价格权权权权权权权权权0.1元 B、4月行价格权权权权权60的沽期,期价格权权权权权权权权权0.2元 C、4月行价格权权权权权69的沽期,期价格权权权权权权权权权2.2元 D、4月行价格权权权权权75的沽期,权权权权权期价格权权权5.15元
18. 权权权出股票A的期适用于以下哪情况,,权权权权权权权权权权权权权权权 A、持有A股票,短期看淡权权权权权权权A股票走权 B、
持有A股票,短期看好权权权权权权权A股票走权 C、持有A股票,短期、期都看好权权权权权权权权权权权A股票走权 D、持有A股票,短期看淡权权权权权权权A股票走,但期看好权权权权权权权
19. 权权权权权权权权权权权权权权权权权权权权 出期策略比适用于哪投者,A、希望在短期内取权权高收益权权权 B、持有股票寸,想取更多收益,但不愿承担权权权权权权权权权权权权权权权权权外权权 C、短、超短持有股票投者权权权权权权权权权权权权 D、愿意承受持有股票的权权权权权投者权权
20.权权权权权权权权权权权权权权权权权权权权权权于个股期来,股票的分率也将影响期的价格,具
体来,利于期价格的影响是正向的,沽期价权权权权权权权权权权权权权权权权权权权权权权权权权权
格的影响是向的。一法是否正确,权权权权权权权权权权权权权 A 正确 B 不正确 二、多,共权权权权权权10权 ,21. 以下虚期的是,,权权权权权权权权权 A、行价格权权权权300,市权价格权250的沽期权权权权 B、行价格权权权权250,市价格权权权权300的期权权权权 C、行价格权权权权250,市权权价格300的沽期权权权权 D、行价格权权权权300,市价格权权权权250的期权权权权
22. 期会投者来哪些好,权权权权权权权权权权权权权 A、冲多的市权权权权权权权权权权权 B、推权权权权权权权权权权权权 股票,定价格C、通期合策略交易,形成不同权权权权权权权权权权权权权权的收益合行套利权权权权权权权权权权 D、如果出期,可能在有限的失权权权权权权权权权权权权权权下取无限的收益权权权权权权权
23. 下列法的有权权权权权权( ) A、期是指期的方在支付了一定的权权权权权权权权权权权权权权权权权权权权权权权权权权权权权权权权权权权权权权权权权权利金后,即有在定按事先定的价格向期方入一
定数量的的券,但不有必入的权权权权权权权权权权权权权权权权 B、美式期的方既可权权权权权权以在合到期日行使利,也可以在到期日之前行使利权权权权权权权权权权权权权权权权权权权权权权 C、美式期的方在合到期日之前不能行使利权权权权权权权权权权权权权权权权权权 D、沽期权权权权是指期的方在支付了一定的利金后,即有在定权权权权权权权权权权权权权权权权权权权权权权权权
按事先定的价格向期方出一定数量的的券,但不权权权权权权权权权权权权权权权权权权权权权权权权
权权权权权权权 有必出的
24. 下列于期交易基本策略的法,不正确的有,权权权权权权权权权权权 权权 ,。A、权权权权期所面的最大可能是利金,可能得的盈利是无权权权权权权权权权权权权权权权权权权权权权权权权权
限的 B、沽期的盈平衡点的的物价格等于行价权权权权权权权权权权权权权权权权权权权权权权权
格加利金权权权 C、出期所得的最大可能收益是利金,权权权权权权权权权权权权权权权权权权权权权可能面的是无限的权权权权权权权权 D、出沽期所得的最大可能收权权权权权权权权权权权权权权权益是利金,可能面的是很小的权权权权权权权权权权权权权权权
25.个股期与期的区主要表在,,权权权权权权权权权权权权权权 A、双方利不权权权权权权权权权同 B、双方受益不同权权权权权权权权权权 C、保金制度不同权权权权权权 D、杠杆效不同权权权
26. 个股期权权权权权权权权权权权权权权权权权权 存期当重点注的包括,,A、的股票的权权权权权信息披露 B、到期日权权权权权权权权 操作提示C、炒作重权权权权权权权权权价外期可能来大权权权权 6 / 7
27. 在个股期的到期日权 权 ,,A、若市价大于行价,多与权权权权权权权权权权权权空价:金权权权权 相等,符号相反B、若市价小于行价,多与权权权权权权权权权权权权空价均0 C、多的失权权权权权有限,而收益权权权权权权权权 却潜力巨大D、空权权权权权权权权权权权权权 收益的最大期价格
28.权权权权权权权权权权权权权权权权权 投者而言,个股期的属性包括,,A、潜在高杠杆率的投机品权 B、套期保权 C、套利 D、不同市 权权权权权权权权权权权权权权权境,可用多个不同合成高度制化的期合策略权权权权权权权权权权
29.个股期个人投者的潜在权权权权权权权权权权权权权权权权 包括,,A、潜在的高杠杆率 B、作权权权权权权权 空方,没有上限C、作权权权权权权权权权权权权权权权权多方,合价可能下跌至近于0,或投者权权权权行日权权 D、可能被登权权权权 行平公司或交易所强
30. 如果某投者某只股票会上,那他可以行下列哪权权权权权权权权权权权权权权权权权权权权权权
些操作, A、直接权权权权权 入股票B、入股票的期权权权权权权权权权权 C、融权权权权权入股票 D、出股票的期权权权权权权权权权权
参考答案 权权权权权一、,共20权 ,1 2 3 4 5 6 7 8 9 10
B C A C A A A D B D
11 12 13 14 15 16 17 18 19 20
B A C D A B C D D B 二、多,共权权权权10权 ,21 22 23 24 25 26 27 28 29 30
CD ABC AC BD ABCD ABC CD ABCD ABCD ABC
范文四:个股期权测试题免费
个股期权测试题免费
一、单项选择题(共20题) 1. 以下说法中正确的是 Ⅰ.期权合约的买方可以收取权利
金 Ⅱ.期权合约卖方有义务买入或卖出正股 Ⅲ.期权合约的持有者所面对的风险是无限的
Ⅳ.期权合约卖方的潜在收益是无限的 A、只是Ⅰ B、只是Ⅱ C、Ⅰ和 Ⅱ D、Ⅲ和
Ⅳ
2. 期权价格是指( ) A、期权成交时标的资产的市场价格 B、买方行权时标的资产的市
场价格 C、买进期权合约时所支付的权利金 D、期权成交时约定的标的资产的价格
3. 买入认购期权的风险和收益关系是( ) A、损失有限,收益无限 B、
损失有限,收益有限 C、损失无限,收益无限 D、损失无限,收益有限
4. 以下几种说法中正确的是() A、期权就是权证 B、买卖双方都要承担权利和义务,
这是期权与期货的共同之处 C、在期货交易中,到期时双方必须履约;而在期权交易中,
持有期权一方可以选择不履约 D、期权双方交易的是股票,而不是权利
5. 假设贵州茅台正股的市价是250元,贵州茅台某月份220元认沽期权目前的权利金价格
为10.8元。请问这些认沽期权的内在价值是多少? A、0元 B、19.5元 C、30元 D、无法计算
6. 假设其他因素不变,正股价格上升时,认沽期权的价格( ),认购期权的价格( ) A、
下跌、上涨 B、下跌、下跌 C、上涨、下跌 D、上涨、上涨
7. 不论是美式期权还是欧式期权、认购期权还是认沽期权,( )均与期权价值正相关变
动。 A、标的价格波动率 B、无风险利率 C、预期股利 D、执行价
8. 下列对期权的投资者适当性管理表述正确的是( ) A、不需要进行投资者适当性管理,
任何人都可以参与 B、只要投资者有意愿,签署相关声明,就应该可以参与期权交易 C、
只要通过交易所的知识测试,投资者就可以参与期权交易 D、对投资者的适当性评估应当
综合考虑投资者基本情况、相关投资经历、财务状况和诚信状况等多个方面。
9. 下列说法错误的是( )。 A、对于认购期权来说,现行市价高于行权价格时称期权
处于实值状态 B、对于认沽期权来说,行权价格低于现行市价时称期权处于实值状态 C、对于认沽期权来说,行权价格高于现行市价时称期权处于实值状态 D、期权的内在价值
状态是变化的
10. 关于期权的时间溢价,下列说法错误的是( )。 A、其它条件不变,离到期时间越
远,时间溢价越大 B、随着到期日临近,期权的时间价值逐渐减为0 C、认购期权处
于虚值状态仍可按正的价格出售是因为标的价格仍具有波动性 D、期权时间价值和货币
时间价值都是时间越长价值越大,二者是相同的概念 3 / 7
11. 某公司股票认沽期权的行权价格是55元,期权为欧式期权,期限1年,目前该股票
的价格是44元,权利金为5元。如果到期日该股票的价格是34元。则现在购进1股认沽期
权与购进1股股票组合的到期收益为( )元。 A、8 B、6 C、-5 D、0
12. 某公司股票认购期权的行权价格是55元,期权为欧式期权,期限1年,目前该股票的
价格是44元,期权费(期权价格)为5元。在到期日该股票的价格是34元。则购进1股股
票与售出1股认购期权组合的到期收益为( )元。 A、-5 B、10 C、-6 D、
5
13. 某公司股票认购期权和认沽期权的行权价格均为55元,期权均为欧式期权,期限1年,
目前该股票的价格是44元,期权费(期权价格)为5元。在到期日该股票的价格是34元。
则同时购进1股认购期权与1股认沽期权组合的到期收益为( )元。 A、1 B、
6 C、11 D、-5
14. 当预计标的股票市场价格将发生剧烈变动,但无法判断是上升还是下降时,则最适合的
投资组合是( )。 A、购进认沽期权与购进股票的组合 B、购进认购期权与购进股
票的组合 C、售出认购期权与购进股票的组合 D、购进认沽期权与购进认购期权的组
合
15.假设你的投资组合全部是由苹果公司的股票构成的,你希望避免股票价格下跌可能造成
的损失,你会该选择购买 A、苹果认沽期权 B、苹果认购期权 C、S&P500
认沽期权 D、S&P500认购期权
16. 下列哪项策略的风险最大? A、买入牛市差价期权组合 B、卖出认购期权 C、
买入认购期权 D、卖出认沽期权 下载文档到电脑,查找使用更方便2下
载券 75人已下载下载 还剩4页未读,继续阅读
17. 某投资者想买入某股票,当前股价为71元,但是他希望以略低于股票当前市价的价格
买入股票,该股票4月期权还有39天到期。那么卖出( ),最符合他的需求。 A、4月行
权价格为50的认沽期权,期权价格0.1元 B、4月执行价格为60的认沽期权,期权价格0.2
元 C、4月执行价格为69的认沽期权,期权价格2.2元 D、4月执行价格为75的认沽期权,
期权价格5.15元
18. 备兑卖出股票A的认购期权适用于以下哪种情况() A、不持有A股票现货,短期看
淡A股票走势 B、不持有A股票现货,短期看好A股票走势 C、持有A股票现货,短期、
长期都看好A股票走势 D、持有A股票现货,短期看淡A股票走势,但长期看好
19. 备兑卖出认购期权策略比较适用于哪类投资者? A、希望在短期内获取高额收益 B、
持有股票头寸,想获取更多收益,但不愿承担额外风险 C、短线、超短线持有股票投资者 D、
愿意承受持有股票风险的长线投资者
20.对于个股期权来说,股票的分红率也将影响期权的价格,具体来说,红利对于认购期权
价格的影响是正向的,对认沽期权价格的影响是负向的。这一说法是否正确? A 正确
B 不正确
二、多项选择题(共10题) 21. 以下为虚值期权的是() A、行权价格为300,市场价
格为250的认沽期权 B、行权价格为250,市场价格为300的认购期权 C、行权价格为250,
市场价格为300的认沽期权 D、行权价格为300,市场价格为250的认购期权
22. 期权会给投资者带来哪些好处? A、对冲现货多头的市场风险 B、推迟买卖股票时
间,锁定买卖价格 C、通过期权组合策略交易,形成不同的风险收益组合进行套利 D、如
果卖出期权,则可能在有限的损失下获取无限的收益
23. 下列说法错误的有( ) A、认购期权是指期权的卖方在支付了一定的权利金后,即拥有
在约定时间按事先约定的价格向期权买方买入一定数量的标的证券,但不负有必须买入的义
务 B、美式期权的买方既可以在合约到期日行使权利,也可以在到期日之前行使权利 C、
美式期权的买方在合约到期日之前不能行使权利 D、认沽期权是指期权的买方在支付了一
定的权利金后,即拥有在约定时间按事先约定的价格向期权卖方卖出一定数量的标的证券,
但不负有必须卖出的义务
24. 下列关于期权交易基本策略的说法,不正确的有( )。 A、买进认购期权所面临
的最大可能亏损是权利金,可能获得的盈利是无限的 B、买进认沽期权的盈亏平衡点的
标的物价格等于执行价格加权利金 C、卖出认购期权所获得的最大可能收益是权利金,可
能面临的亏损是无限的 D、卖出认沽期权所获得的最大可能收益是权利金,可能面临
的亏损是很小的
25.个股期权与期货的区别主要表现在() A、买卖双方权利义务不同 B、买卖
双方受益风险不同 C、保证金制度不同 D、杠杆效应不同
26. 个股期权存续期间应当重点关注的问题包括() A、标的股票的信息披露
B、临到期日操作提示 C、炒作严重价外期权可能带来较大风险 6 / 7
27. 在个股期权的到期日 ( ) A、若市价大于行权价,多头与空头价值:金额绝对值相
等,符号相反 B、若市价小于行权价,多头与空头价值均为0 C、多头的净损失有限,而净收益却潜力巨大 D、空头净收益的最大值为期权价格
28.对投资者而言,个股期权的属性包括() A、潜在高杠杆率的投机品种 B、套期保值 C、套利 D、 针对不同市场环境,可用多个不同合约组成高度订制化的期权组合策略
29.个股期权对个人投资者的潜在风险包括() A、潜在的高杠杆率 B、作为空方,亏损没有上限 C、作为多方,合约价值可能下跌至趋近于0,或投资者错过行权日 D、可能被登记公司或交易所强行平仓
30. 如果某投资者认为某只股票会上涨,那么他可以进行下列哪些操作? A、直接买入该股票 B、买入该股票的认购期权 C、融资买入该股票 D、卖出该股票的认购期权
参考答案 一、单选题(共20题) 1 2 3 4 5 6 7 8 9 10
B C A C A A A D B D
11 12 13 14 15 16 17 18 19 20
B A C D A B C D D B
二、多选题(共10题) 21 22 23 24 25 26 27 28 29 30
CD ABC AC BD ABCD ABC CD ABCD ABCD ABC
范文五:个股期权会员讲师强化培训测试题
个股期权会员讲师强化培训测试题
姓名:__________;单位:_______________
测试说明:
,1,本次测试时间为60分钟,闭卷。
,2,请涂写答题卡。测试结束后,请将答题卡和测试题放置在桌位上,由工作人员统一收取。请勿将测试题带走。
一、单选题(共30题)
1、当预计标的股票市场价格将发生剧烈变动,但无法判断是上升还是下降时,则最适合的投资组合是(D)
A. 购进认沽期权与购进股票的组合
B. 购进认购期权与购进股票的组合
C. 售出认购期权与购进股票的组合
D. 购进认沽期权与购进认购期权的组合
2、下列哪项不是以风险对冲为目的的策略,D
A. 保护性策略
B. 抵补性策略
C. 双限策略
D. 套利策略
3、期权剩余的有效日期越长,其时间价值就(A )。
34 70.83% beside the effective fill in passengers 48 from survey of data view, I school young teachers in the, female teachers 34 people, male teachers 14 people, high out 20 people; from by accounted for proportion view, female teachers accounted for than 70.83%, male teachers 29. 17%, ratio of female teachers account for 41.66 percent. Young teacher in our school can be seen in the serious imbalance in the sex ratio, obviously there with the current outlooks a greater relationship. This requires the attention of our Administrative Department of education high allocations in education issues. 2nd questions how old you are () [form] option is subtotal a. under 25 18 37.5% b. 26-27 16 8 16.67% d 33.33% C.28-29 years. 30 years old 6 12.5% beside effective fill out the passengers, 48 from survey data, our highest percentage under 25 years of age the young teachers, followed by 26-27, 28-29, and 30 years of age. Description: young teacher in our school in the highest percentage of new teachers, young average age of the teachers is also relatively low. It can be seen that young teachers in our school is not stable, relatively high mobility. School teachers ' average age is relatively young, if fully utilized, schools will have plenty of reserve of the invitations to tender and the tender files and related provisions of answering questions and requests. 1.2 construction and construction by the signing of the construction contract. 1.3 architectural design Institute, Hunan province designs complete design documents. 1.4 the construction unit of the tender. 1.5 the detailed rules for the implementation of project supervision. 1.6 main technical specification: code for
A(越大
B(越小
C(不变
D(趋于零
4、某只股票认沽期权的执行价格为3.4元,而此时这只股票市价为3.3元时,则该认沽期权的内在价值( A )。
A(为正值
B(为负值
C(等于零
D(可能为正值,也可能为负值
5、某只股票认购期权的执行价格为3.4元,而此时这只股票市价为3.3元,则该认购期权的内在价值(C )。
A(为正值
B(为负值
C(等于零
D(可能为正值,也可能为负值
6、某投资者判断A股票价格将会持续上涨,因此买入一份执行价格为65元的认购期权,权利金为1元。则当A股票价格高于(C)元时,该投资者开始获利。
34 70.83% beside the effective fill in passengers 48 from survey of data view, I school young teachers in the, female teachers 34 people, male teachers 14 people, high out 20 people; from by accounted for proportion view, female teachers accounted for than 70.83%, male teachers 29. 17%, ratio of female teachers account for 41.66 percent. Young teacher in our school can be seen in the serious imbalance in the sex ratio, obviously there with the current outlooks a greater relationship. This requires the attention of our Administrative Department of education high allocations in education issues. 2nd questions how old you are () [form] option is subtotal a. under 25 18 37.5% b. 26-27 16 8 16.67% d 33.33% C.28-29 years. 30 years old 6 12.5% beside effective fill out the passengers, 48 from survey data, our highest percentage under 25 years of age the young teachers, followed by 26-27, 28-29, and 30 years of age. Description: young teacher in our school in the highest percentage of new teachers, young average age of the teachers is also relatively low. It can be seen that young teachers in our school is not stable, relatively high mobility. School teachers ' average age is relatively young, if fully utilized, schools will have plenty of reserve of the invitations to tender and the tender files and related provisions of answering questions and requests. 1.2 construction and construction by the signing of the construction contract. 1.3 architectural design Institute, Hunan province designs complete design documents. 1.4 the construction unit of the tender. 1.5 the detailed rules for the implementation of project supervision. 1.6 main technical specification: code for
A. 64
B. 65
C. 66
D. 67
7、无论美式期权还是欧式期权、认购期权还是认沽期权,( A)均与
期权价值正相关。
A. 标的价格波动率
B. 无风险利率
C. 预期股利
D. 到期期限
8、在利用期权进行套期保值时,需要谨慎使用的方式有( D )。
A(买进认购期权
B(卖出欧式期权
C(买进认沽期权
D(卖出认沽期权
9、在下列( C)情况下,投资者会卖出认购期权。 A(预期现货市场价格上涨
B(预期期权价格下跌
C(对所持标的物资产的多头部位保值
34 70.83% beside the effective fill in passengers 48 from survey of data view, I school young teachers in the, female teachers 34 people, male teachers 14 people, high out 20 people; from by accounted for proportion view, female teachers accounted for than 70.83%, male teachers 29. 17%, ratio of female teachers account for 41.66 percent. Young teacher in our school can be seen in the serious imbalance in the sex ratio, obviously there with the current outlooks a greater relationship. This requires the attention of our Administrative Department of education high allocations in education issues. 2nd questions how old you are () [form] option is subtotal a. under 25 18 37.5% b. 26-27 16 8 16.67% d 33.33% C.28-29 years. 30 years old 6 12.5% beside effective fill out the passengers, 48 from survey data, our highest percentage under 25 years of age the young teachers, followed by 26-27, 28-29, and 30 years of age. Description: young teacher in our school in the highest percentage of new teachers, young average age of the teachers is also relatively low. It can be seen that young teachers in our school is not stable, relatively high mobility. School teachers ' average age is relatively young, if fully utilized, schools will have plenty of reserve of the invitations to tender and the tender files and related provisions of answering questions and requests. 1.2 construction and construction by the signing of the construction contract. 1.3 architectural design Institute, Hunan province designs complete design documents. 1.4 the construction unit of the tender. 1.5 the detailed rules for the implementation of project supervision. 1.6 main technical specification: code for
D(对所持标的物资产的空头部位保值
10、保护性认沽期权是指下列哪个组合C A.股票空头加认沽期权组合
B.股票多头加认购期权组合
C.股票多头加认沽期权组合
D.同时买进一只股票的认购期权和认沽期权
11、下列哪项不是双限期权策略的保值效果,D A.成本低
B.规避价格不利变化的风险
C.保留一定的获利潜能
D.有获得无限收益的能力
12、下列哪项不是抵补性策略的特点,D A.股票多头+卖出认购
B.无需交纳保证金
C.需向卖方支付权利金
D.无需向卖方支付权利金
13、下列关于保护性策略哪项是不正确的,D A.股票多头,买入一个认沽期权
34 70.83% beside the effective fill in passengers 48 from survey of data view, I school young teachers in the, female teachers 34 people, male teachers 14 people, high out 20 people; from by accounted for proportion view, female teachers accounted for than 70.83%, male teachers 29. 17%, ratio of female teachers account for 41.66 percent. Young teacher in our school can be seen in the serious imbalance in the sex ratio, obviously there with the current outlooks a greater relationship. This requires the attention of our Administrative Department of education high allocations in education issues. 2nd questions how old you are () [form] option is subtotal a. under 25 18 37.5% b. 26-27 16 8 16.67% d 33.33% C.28-29 years. 30 years old 6 12.5% beside effective fill out the passengers, 48 from survey data, our highest percentage under 25 years of age the young teachers, followed by 26-27, 28-29, and 30 years of age. Description: young teacher in our school in the highest percentage of new teachers, young average age of the teachers is also relatively low. It can be seen that young teachers in our school is not stable, relatively high mobility. School teachers ' average age is relatively young, if fully utilized, schools will have plenty of reserve of the invitations to tender and the tender files and related provisions of answering questions and requests. 1.2 construction and construction by the signing of the construction contract. 1.3 architectural design Institute, Hunan province designs complete design documents. 1.4 the construction unit of the tender. 1.5 the detailed rules for the implementation of project supervision. 1.6 main technical specification: code for
B.单向的认购策略
C.到期日利润上限=股票收益-期权费 D.利润有限,损失无限
14、什么情况下,亏损有限,盈利无限A A.买入认购期权
B.卖出认购期权
C.买入认沽期权
D.卖出认沽期权
15、什么情况下,亏损无限,盈利有限B A.买入认购期权
B.卖出认购期权
C.买入认沽期权
D.卖出认沽期权
16、什么情况下,亏损有限,盈利有限D A.买入认购期权
B.卖出认购期权
C.买入认沽期权
D.卖出认沽期权或买入认沽期权
34 70.83% beside the effective fill in passengers 48 from survey of data view, I school young teachers in the, female teachers 34 people, male teachers 14 people, high out 20 people; from by accounted for proportion view, female teachers accounted for than 70.83%, male teachers 29. 17%, ratio of female teachers account for 41.66 percent. Young teacher in our school can be seen in the serious imbalance in the sex ratio, obviously there with the current outlooks a greater relationship. This requires the attention of our Administrative Department of education high allocations in education issues. 2nd questions how old you are () [form] option is subtotal a. under 25 18 37.5% b. 26-27 16 8 16.67% d 33.33% C.28-29 years. 30 years old 6 12.5% beside effective fill out the passengers, 48 from survey data, our highest percentage under 25 years of age the young teachers, followed by 26-27, 28-29, and 30 years of age. Description: young teacher in our school in the highest percentage of new teachers, young average age of the teachers is also relatively low. It can be seen that young teachers in our school is not stable, relatively high mobility. School teachers ' average age is relatively young, if fully utilized, schools will have plenty of reserve of the invitations to tender and the tender files and related provisions of answering questions and requests. 1.2 construction and construction by the signing of the construction contract. 1.3 architectural design Institute, Hunan province designs complete design documents. 1.4 the construction unit of the tender. 1.5 the detailed rules for the implementation of project supervision. 1.6 main technical specification: code for
17、当到期时标的物价格等于(A )时,该点为卖出认购期权的损益
平衡点。
A(执行价格
B(执行价格+权利金
C(执行价格-权利金
D(权利金
18、在到期日前(C )
A.认购期权的内在价值总比实际价值大
B.认购期权的内在价值总是正的
C.认购期权的实际价值比内在价值大
D.认购期权的内在价值总比时间价值大
19、期权的时间价值随着期权到期日的临近而( D) A.增加
B.不变
C.随机波动
D.递减
20、当期权处于( C)状态时,其时间价值最大。 A.实值期权
B.虚值期权
34 70.83% beside the effective fill in passengers 48 from survey of data view, I school young teachers in the, female teachers 34 people, male teachers 14 people, high out 20 people; from by accounted for proportion view, female teachers accounted for than 70.83%, male teachers 29. 17%, ratio of female teachers account for 41.66 percent. Young teacher in our school can be seen in the serious imbalance in the sex ratio, obviously there with the current outlooks a greater relationship. This requires the attention of our Administrative Department of education high allocations in education issues. 2nd questions how old you are () [form] option is subtotal a. under 25 18 37.5% b. 26-27 16 8 16.67% d 33.33% C.28-29 years. 30 years old 6 12.5% beside effective fill out the passengers, 48 from survey data, our highest percentage under 25 years of age the young teachers, followed by 26-27, 28-29, and 30 years of age. Description: young teacher in our school in the highest percentage of new teachers, young average age of the teachers is also relatively low. It can be seen that young teachers in our school is not stable, relatively high mobility. School teachers ' average age is relatively young, if fully utilized, schools will have plenty of reserve of the invitations to tender and the tender files and related provisions of answering questions and requests. 1.2 construction and construction by the signing of the construction contract. 1.3 architectural design Institute, Hunan province designs complete design documents. 1.4 the construction unit of the tender. 1.5 the detailed rules for the implementation of project supervision. 1.6 main technical specification: code for
C.平值期权
D.深实值期权
21、相对于欧式认沽期权来说,美式认沽期权( B) A.价值较低
B.价值较高
C.有同样的价值
D.总是早一些实施
22、以下哪个组合策略具有无限的风险性(D) A(看多价差策略
B(看空价差策略
C(多头跨式策略
D(空头勒式策略
23、买进一个低执行价格的认购期权,卖出两个中执行价格的认购期
权,再买进一个高执行价格认购期权属于(C) A. 买入跨式期权
B. 卖出跨式期权
C. 买入蝶式期权
D. 卖出蝶式期权
34 70.83% beside the effective fill in passengers 48 from survey of data view, I school young teachers in the, female teachers 34 people, male teachers 14 people, high out 20 people; from by accounted for proportion view, female teachers accounted for than 70.83%, male teachers 29. 17%, ratio of female teachers account for 41.66 percent. Young teacher in our school can be seen in the serious imbalance in the sex ratio, obviously there with the current outlooks a greater relationship. This requires the attention of our Administrative Department of education high allocations in education issues. 2nd questions how old you are () [form] option is subtotal a. under 25 18 37.5% b. 26-27 16 8 16.67% d 33.33% C.28-29 years. 30 years old 6 12.5% beside effective fill out the passengers, 48 from survey data, our highest percentage under 25 years of age the young teachers, followed by 26-27, 28-29, and 30 years of age. Description: young teacher in our school in the highest percentage of new teachers, young average age of the teachers is also relatively low. It can be seen that young teachers in our school is not stable, relatively high mobility. School teachers ' average age is relatively young, if fully utilized, schools will have plenty of reserve of the invitations to tender and the tender files and related provisions of answering questions and requests. 1.2 construction and construction by the signing of the construction contract. 1.3 architectural design Institute, Hunan province designs complete design documents. 1.4 the construction unit of the tender. 1.5 the detailed rules for the implementation of project supervision. 1.6 main technical specification: code for
24. 以相同的执行价格同时卖出认购期权和认沽期权,属于(B) A. 买入跨式期权
B. 卖出跨式期权
C. 买入蝶式期权
D. 卖出蝶式期权
25、备兑开仓指投资者在拥有足额标的证券的基础上,(B)相应数量的认购期权合约。
A. 买入
B. 卖出
C. 持有
D. 放弃
26、投资者目前持有A股票,当前A股票价格为20,投资者担心未来股票价格下跌,投资者可能采取的措施为(C)。
A. 买入认购期权或买入认沽期权
B. 买入认购期权或卖出认沽期权
C. 卖出认购期权或买入认沽期权
D. 卖出认购期权或卖出认沽期权
27、当投资者买进某种资产的认沽期权时,( B )。
A(投资者预期该资产的市场价格将上涨
34 70.83% beside the effective fill in passengers 48 from survey of data view, I school young teachers in the, female teachers 34 people, male teachers 14 people, high out 20 people; from by accounted for proportion view, female teachers accounted for than 70.83%, male teachers 29. 17%, ratio of female teachers account for 41.66 percent. Young teacher in our school can be seen in the serious imbalance in the sex ratio, obviously there with the current outlooks a greater relationship. This requires the attention of our Administrative Department of education high allocations in education issues. 2nd questions how old you are () [form] option is subtotal a. under 25 18 37.5% b. 26-27 16 8 16.67% d 33.33% C.28-29 years. 30 years old 6 12.5% beside effective fill out the passengers, 48 from survey data, our highest percentage under 25 years of age the young teachers, followed by 26-27, 28-29, and 30 years of age. Description: young teacher in our school in the highest percentage of new teachers, young average age of the teachers is also relatively low. It can be seen that young teachers in our school is not stable, relatively high mobility. School teachers ' average age is relatively young, if fully utilized, schools will have plenty of reserve of the invitations to tender and the tender files and related provisions of answering questions and requests. 1.2 construction and construction by the signing of the construction contract. 1.3 architectural design Institute, Hunan province designs complete design documents. 1.4 the construction unit of the tender. 1.5 the detailed rules for the implementation of project supervision. 1.6 main technical specification: code for
B(投资者的最大损失为期权的权利金
C(投资者的获利空间为执行价格减权利金之差
D(投资者的获利空间将视市场价格上涨的幅度而定
28、下列图形中,(A)是买入认购期权的损益图。
A B
C D 29、某公司股票认沽期权的行权价为55元,期权为欧式期权,期限
1年,目前该股票的价格是44元,权利金为5元(每股)。如果到期
日该股票的价格是58元,则买入认沽期权与买入股票组合的到期收
益为(A)
34 70.83% beside the effective fill in passengers 48 from survey of data view, I school young teachers in the, female teachers 34 people, male teachers 14 people, high out 20 people; from by accounted for proportion view, female teachers accounted for than 70.83%, male teachers 29. 17%, ratio of female teachers account for 41.66 percent. Young teacher in our school can be seen in the serious imbalance in the sex ratio, obviously there with the current outlooks a greater relationship. This requires the attention of our Administrative Department of education high allocations in education issues. 2nd questions how old you are () [form] option is subtotal a. under 25 18 37.5% b. 26-27 16 8 16.67% d 33.33% C.28-29 years. 30 years old 6 12.5% beside effective fill out the passengers, 48 from survey data, our highest percentage under 25 years of age the young teachers, followed by 26-27, 28-29, and 30 years of age. Description: young teacher in our school in the highest percentage of new teachers, young average age of the teachers is also relatively low. It can be seen that young teachers in our school is not stable, relatively high mobility. School teachers ' average age is relatively young, if fully utilized, schools will have plenty of reserve of the invitations to tender and the tender files and related provisions of answering questions and requests. 1.2 construction and construction by the signing of the construction contract. 1.3 architectural design Institute, Hunan province designs complete design documents. 1.4 the construction unit of the tender. 1.5 the detailed rules for the implementation of project supervision. 1.6 main technical specification: code for
A(9
B(14
C(-5
D(0
30、某投资者预期一个月后股票A的股价将大涨或大跌,在现有价位附近的可能性极小。如果他的判断正确,以下哪种组合策略比较适合该投资者(C)
A(卖出认沽期权
B(看空价差策略
C(多头跨式组合
D(空头勒式组合
二、多选题(共10题)
31、某投资者在股票价格为80元时买入了1张认沽期权合约,此时股票价格已经跌到78元,空头合约如果现在平仓,则可以获利。但是投资者想要先锁定利润,他应该(AD )。
A(买入认购期权
B(卖出认购期权
C(买入认沽期权
D(卖出认沽期权
34 70.83% beside the effective fill in passengers 48 from survey of data view, I school young teachers in the, female teachers 34 people, male teachers 14 people, high out 20 people; from by accounted for proportion view, female teachers accounted for than 70.83%, male teachers 29. 17%, ratio of female teachers account for 41.66 percent. Young teacher in our school can be seen in the serious imbalance in the sex ratio, obviously there with the current outlooks a greater relationship. This requires the attention of our Administrative Department of education high allocations in education issues. 2nd questions how old you are () [form] option is subtotal a. under 25 18 37.5% b. 26-27 16 8 16.67% d 33.33% C.28-29 years. 30 years old 6 12.5% beside effective fill out the passengers, 48 from survey data, our highest percentage under 25 years of age the young teachers, followed by 26-27, 28-29, and 30 years of age. Description: young teacher in our school in the highest percentage of new teachers, young average age of the teachers is also relatively low. It can be seen that young teachers in our school is not stable, relatively high mobility. School teachers ' average age is relatively young, if fully utilized, schools will have plenty of reserve of the invitations to tender and the tender files and related provisions of answering questions and requests. 1.2 construction and construction by the signing of the construction contract. 1.3 architectural design Institute, Hunan province designs complete design documents. 1.4 the construction unit of the tender. 1.5 the detailed rules for the implementation of project supervision. 1.6 main technical specification: code for
32、 如果期权买方买入了认购期权,那么在期权合约的有效期限内如果该股票价格上涨,则(AC )。
A(买方会执行该认购期权
B(买方会获得盈利
C(当买方执行期权时,卖方必须无条件的以较低价格的执行价格卖出股票
D( 买方会因为执行期权而带来损失
33、 在下列( BC )情况下,投资者会卖出认购期权。 A(预期股票价格上涨
B(预期股票价格下跌
C(对所持股票多头部位保值
D(对所持股票空头部位保值
34、与股票的限价止损单相比,买入认购期权的优势有(BD) A(没有成本
B(投资者能够很明确最大亏损是多少
C(无限的时效性
D(限价止损单止损后股价有可能一路往上走导致投资者心态失衡,买入认购期权可以解决该问题
35、以下哪些说法是正确的(ABD)
A(备兑卖出认购期权较为适合愿意承担持有股票风险的长期投资者
34 70.83% beside the effective fill in passengers 48 from survey of data view, I school young teachers in the, female teachers 34 people, male teachers 14 people, high out 20 people; from by accounted for proportion view, female teachers accounted for than 70.83%, male teachers 29. 17%, ratio of female teachers account for 41.66 percent. Young teacher in our school can be seen in the serious imbalance in the sex ratio, obviously there with the current outlooks a greater relationship. This requires the attention of our Administrative Department of education high allocations in education issues. 2nd questions how old you are () [form] option is subtotal a. under 25 18 37.5% b. 26-27 16 8 16.67% d 33.33% C.28-29 years. 30 years old 6 12.5% beside effective fill out the passengers, 48 from survey data, our highest percentage under 25 years of age the young teachers, followed by 26-27, 28-29, and 30 years of age. Description: young teacher in our school in the highest percentage of new teachers, young average age of the teachers is also relatively low. It can be seen that young teachers in our school is not stable, relatively high mobility. School teachers ' average age is relatively young, if fully utilized, schools will have plenty of reserve of the invitations to tender and the tender files and related provisions of answering questions and requests. 1.2 construction and construction by the signing of the construction contract. 1.3 architectural design Institute, Hunan province designs complete design documents. 1.4 the construction unit of the tender. 1.5 the detailed rules for the implementation of project supervision. 1.6 main technical specification: code for
B(跟直接买入股票相比,买入认购期权提供了完全不同的收益风险比
C(配对认沽期权策略比较适合风险偏好较高的投资者 D(若操作得当,卖出认沽期权能帮助投资者以低于现行市价的某一价格买入股票,从而实现“低买”
36、下面交易中,损益平衡点等于执行价格加权利金的是( AB)。 A(买人认购期权
B(卖出认购期权
C(买人认沽期权
D(卖出认沽期权
37、对于备兑卖出认购期权策略,以下描述错误的有(ABC) A.一旦期权被要求行权,组合收益一定为负
B.投资者不得不在盈利时卖出,却自己担负损失,该策略可行性不高 C.是一种激进的期权策略
D.使用该策略的投资者要有出售所持有股票的心理准备
38、下列对卖出认购期权的分析错误的是( ACD)。
A(一般运用于看后市上涨或已见底的情况下
B(平仓收益=权利金卖出价-买入平仓价
C(期权被要求履约风险=执行价格+标的物平仓买入价格-权利金 34 70.83% beside the effective fill in passengers 48 from survey of data view, I school young teachers in the, female teachers 34 people, male teachers 14 people, high out 20 people; from by accounted for proportion view, female teachers accounted for than 70.83%, male teachers 29. 17%, ratio of female teachers account for 41.66 percent. Young teacher in our school can be seen in the serious imbalance in the sex ratio, obviously there with the current outlooks a greater relationship. This requires the attention of our Administrative Department of education high allocations in education issues. 2nd questions how old you are () [form] option is subtotal a. under 25 18 37.5% b. 26-27 16 8 16.67% d 33.33% C.28-29 years. 30 years old 6 12.5% beside effective fill out the passengers, 48 from survey data, our highest percentage under 25 years of age the young teachers, followed by 26-27, 28-29, and 30 years of age. Description: young teacher in our school in the highest percentage of new teachers, young average age of the teachers is also relatively low. It can be seen that young teachers in our school is not stable, relatively high mobility. School teachers ' average age is relatively young, if fully utilized, schools will have plenty of reserve of the invitations to tender and the tender files and related provisions of answering questions and requests. 1.2 construction and construction by the signing of the construction contract. 1.3 architectural design Institute, Hunan province designs complete design documents. 1.4 the construction unit of the tender. 1.5 the detailed rules for the implementation of project supervision. 1.6 main technical specification: code for
D(不需要缴纳保证金
39、某投资者在6月份以500点的权利金买进一张9月到期、执行价格为12000点的恒指认购期权,同时又以300点的权利金买人一张9月到期、执行价格为12000点的恒指认沽期权。当恒指( BC )时,该投资者可以盈利。
A(大于11200点
B(小于11200点
C(大于12800点
D(小于12800点
40、对于衣领策略,以下说法正确的有(AB)
A(一般的操作方式是买入一手认沽期权同时卖出一手认购期权 B(是风险对冲类策略
C(优于配对认沽期权策略
D(提供了低成本的保护,放大了潜在收益
34 70.83% beside the effective fill in passengers 48 from survey of data view, I school young teachers in the, female teachers 34 people, male teachers 14 people, high out 20 people; from by accounted for proportion view, female teachers accounted for than 70.83%, male teachers 29. 17%, ratio of female teachers account for 41.66 percent. Young teacher in our school can be seen in the serious imbalance in the sex ratio, obviously there with the current outlooks a greater relationship. This requires the attention of our Administrative Department of education high allocations in education issues. 2nd questions how old you are () [form] option is subtotal a. under 25 18 37.5% b. 26-27 16 8 16.67% d 33.33% C.28-29 years. 30 years old 6 12.5% beside effective fill out the passengers, 48 from survey data, our highest percentage under 25 years of age the young teachers, followed by 26-27, 28-29, and 30 years of age. Description: young teacher in our school in the highest percentage of new teachers, young average age of the teachers is also relatively low. It can be seen that young teachers in our school is not stable, relatively high mobility. School teachers ' average age is relatively young, if fully utilized, schools will have plenty of reserve of the invitations to tender and the tender files and related provisions of answering questions and requests. 1.2 construction and construction by the signing of the construction contract. 1.3 architectural design Institute, Hunan province designs complete design documents. 1.4 the construction unit of the tender. 1.5 the detailed rules for the implementation of project supervision. 1.6 main technical specification: code for